HashFlare Review

About HashFlare Service

HashFlare is a cloud mining company that makes cryptocurrency mining easy and accessible to any user — even those that have no knowledge of how mining operates. With its services, you don’t have to buy any expensive hardware or worry about the electricity cost that’s associated with mining cryptocurrencies; all you have to do is pay a certain fee to join and get a proportionate share of its computing output.

HashFlare stands apart from the rest of cloud mining providers in terms of cost, reliability and operational history. Details about the company’s data centers and their features are made available on its website.

Company Background

HashFlare is a cryptocurrency cloud mining service offered by a team of experts in the blockchain industry. The people behind the platform have years of experience in mining cryptocurrencies and developing the hardware necessary for it. HashFlare is a service offered by a well-known Tallinn, Estonia-based mining equipment company HashCoins.

The company, HashCoins has been designing, developing and selling SHA-256 and Scrypt ASIC miners for over three years. Hardware known as an ASIC, which stands for Application-Specific Integrated Circuit, was designed specifically for mining bitcoin. The first ones were released in 2013 and have been improved upon since, with more efficient designs coming to market. Mining is competitive and today can only be done profitably with the latest ASICs. When using CPUs, GPUs, or even the older ASICs, the cost of energy consumption is greater than the revenue generated. Also HashFlare team developed a web-based cryptocurrency wallet for Raspberry Pi devices. HashFlare utilizes this expertise to offer low-priced cloud mining contracts for Scrypt, SHA-256, Ethereum, ZCash and DASH cryptocurrencies.

HashFlare Cloud Mining Packages and Prices

Company offers many different contracts and cloud mining plans. Check them out:

Cryptocurrency

Package

Minimum Hashrate

Price

Maintenance Fee/day

Contract Duration

Scrypt Algorithm

Scrypt Cloud Mining

1 MH/s

$1.80 per MH/s

$0.005 per MH/s

1 Year

SHA-256 Algorithm

SHA-256 Cloud Mining

10 GH/s

$0.60 per 10 GH/s

$0.0035 per 10 GH/s

1 Year

ETHASH Algorithm

Ethereum Cloud Mining

100 KH/s

$1.40 per 100 KH/s

none

1 Year

EQUIHASH Algorithm

ZCash Cloud Mining

1 H/s

$1.40 per 1 H/s

none

1 Year

X11 Algorithm

DASH Cloud Mining

1 MH/s

$3.20 per 1 MH/s

none

1 Year

The platform doesn’t have any hidden fees or commissions included into its pricing structure.

How much can you earn? Click on the image below and use HashFlare easy investment calculator to estimate your potential income.

Customer Support

As an established cloud mining service provider, HashFlare ensures that all the customers’ queries are answered on time. The platform has most of the issues covered on its FAQs page, and it has included Zendesk integration on the website for direct interaction with the customer support team. Tickets raised are reviewed and resolved quickly by the platform.

Payouts and Payments

Both payouts and payments are hassle-free on HashFlare platform. Customers can make use of the instant withdrawal feature to withdraw their payouts. Users on Scrypt and SHA 256 contracts receive their payouts in Bitcoin whereas those opting for cryptocurrency specific packages — Ethereum, ZCash, and DASH will be paid in the respective cryptocurrencies. The amount of each withdrawal should be more than the requisite miner/transaction fee (to be paid to the blockchain). There are specific minimum or maximum withdrawal limits. Withdrawal limits are connected with miner’s Verification status:

Verification level: 2

Security

HashFlare takes the platform’s security seriously. The website makes use of COMODO SSL Certificate, and all user accounts come with an option to activate two-factor authentication. The platform urges its users to enable the 2FA option without fail to ensure the additional safety of their funds and any private information associated with the account.

Summary

HashFlare has proven itself as a reliable cloud mining service provider with in-depth knowledge of the industry, state-of-the-art infrastructure and affordable plans. The platform’s transparency, allowing users to choose which mining pool to instantly mine Bitcoin, Ethereum, Dash and LTC on, ensures HashFlare is one of the more trustworthy cloud mining service providers in the cryptocurrency space.

This platform is a extremely effective tool for cloud mining of bitcoin and other alternative digital cryptocurrencies also known as altcoins. HashFlare.io is the preferred choice for your investments.

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The information provided here is for your own use. Some services, investments or any listings here may be illegal depending on your country’s laws. We do not recommend you to spend what you cannot afford to lose.